News

News

Guyana to use forest conservation funds to build coastal resilience against flooding

Kemol King -
The government of Guyana introduced its updated Low Carbon Development Strategy (LCDS) 2030 last year, with a vision for the country’s sustainable growth. As it embarks on this strategy, it will build on a major climate resilience project to bring the...
News

Guyana now ahead of US, just behind Russia for largest discovered volumes since 2015 – Norway Group

OilNOW -
As 2022 enters the mid-year point, ExxonMobil has already added over 1 billion fresh barrels of oil equivalent (boe) resources at Stabroek Block, placing Guyana at number two in the world for largest discovered volumes since 2015. Norway-based Rystad Energy...
News

Liza Permit to follow Yellowtail Standard – EPA Head

OilNOW -
Executive Director of the Environmental Protection Agency (EPA), Kemraj Parsram has confirmed that the Liza Phase 1 Permit which comes to an end on May 31, 2022, with another to be issued by June 1, 2022 with a five-year...
News

Oil on track for eighth straight day of gains

OilNOW -
Crude oil futures were higher on Monday, with the ICE Brent crude marker on track for an eighth straight day of gains. Reuters said in a report that prices rose to two-month highs on Monday as traders waited to see...
News

Shell sanctions new project to boost Australia gas supply

OilNOW -
Shell Australia Pty Ltd (Shell Australia) and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Shell said on Monday...
News

Guyana receives GY$1.7B in payments for flaring from ExxonMobil

OilNOW -
To date, ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has flared 17.7B cubic feet of gas via the Liza Destiny floating production, storage and offloading (FPSO) vessel with 1.5B cubic feet flared thus far for 2022. As regards...
News

Guyana remains key driver of ExxonMobil’s plans to meet world’s energy needs – CEO Darren Woods

OilNOW -
Chairman and Chief Executive Officer (CEO) of ExxonMobil, Darren Woods has highlighted that the oil giant is on a strong trajectory to meet the future energy demands of the world with Guyana remaining one of the key drivers of...
News

NOC can guarantee far greater benefit, value to Guyana – Financial Analyst

OilNOW -
Guyana is exploring the establishment of a national oil company (NOC) to develop its oil and gas resources and some critics have opined that the South American nation should not head down this route. But one local financial analyst is of the view...
News

Petrobras shakeup: Bolsonaro axes new CEO less than two months on the job

OilNOW -
Merely 40 days after his appointment as Chief Executive Officer (CEO) of the Brazilian state-owned Petroleo Brasileiro SA (Petrobras), President Jair Bolsonaro has ordered that José Mauro Ferreira Coelho, the man he handpicked, be removed from the post. Coelho is expected to be replaced by...
News

Oil and gas industry to earn US$4 trillion in 2022 – IEA

OilNOW -
The International Energy Agency (IEA) has projected that the oil and gas sector will earn US$4 trillion in 2022. In a LinkedIn post, Special Advisor to the IEA’s Executive Director, Alessandro Blassi called the figure extraordinary. He said, “Given rising demand...
1...431432433...1,027Page 432 of 1,027

Latest News

NewsOilNOW -

High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks